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. that was the number we spent. that was our spending. president obama an estimate will be $3.6 trillion. that is an increase of 44%! 44% increase in spending. that doesn't look like a problem to you? >> what i would love to have the just that position of job creation, we created 5 million jobs in the united states. if you were saying it's worse but the five million people are saying it is worth it. >> eric: you are saying there is five million jobs created? >> from the low point. >> that is different. >> he was in office. i think, come on eric, we spent 5.8 t78d and we have a negative growth rate. >> this the first quarter we've had a negative growth rate. we a super storm sandy and lots of fiscal negotiations. i think we're probably going to have close to 3% growth rate of 2013. the recovery is coming along, but it's not coming as fast as anybody would like it but it is coming. >> eric: we'll leave it there. no major sell-off on white house despite the news. the dow still flirting with 14,000. sandra smith keeping an eye on it all. i'm looking down 44 on the day where we have negative
spending is why we had the recession. obama continued the bad job for four straight jobs and this is the result. >> eric: but they would say isn't for government spending we would have no growth? >> government spending it's not in spite of government spending it's because of the government spending. we think of it, you got two guys in the world, "a" and "b". if "b" gets unemployment benefits who do you think pays for it. it's "a" and it's taxation and that is the root of the problem. >> you drop taxes like the blogo sphere, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest tax rates. you want to look at rates from 70% to 28%. now, is that a good enough tax cut for you? >> eric: what happened? >> we had great growth. when the tax cuts took effect, we phased in the tax cuts but when they took effect, it went like a rocket ship. we had 7.35% in 1983 and 5 1/2 in 1984. >> eric: and the tax receipts increase? >> there is some guys curve -- i don't know who the heck it is. we have the highest corporate tax rates in the world and one of the lowest
until a assessor is confirmed. he served as an advocate for president obama spending increases on highways, bridges and transport facilities. it continues. i will be curious to see who takes that spot. it will be tough with the challenges ahead. credit card users bracing for a new swipe fee. we will tell you why small businesses may be the biggest loser on this one. melissa: lou dobbs coming up as president obama gets set to pitch his immigration plan. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protec
's taxpayer money. we will never see again. because of all the federal spending, president obama has added $5.8 trillion to the debt in just four years. so this is grim. america is in a bad place economically. but the folks don't seem to care. new "the washington post" poll says 60% of americans have a favorable opinion of president obama. that's a 3 year high. now, that approval may go down due to the sinking economy. there is no question americans like barack obama they are cutting him a tremendous amount of slack. could be style over substance because the president's achievements have been few. obama care is the law. we all know that. but corporations like boston scientific are laying off some workers. largely because of the cost they will incur for obama care health insurance. if that trend takes hold, we're all in big trouble. so we are living in a very interesting time. we have a popular president, a bad economy, and everybody paying more in taxes. simply doesn't add up. pardon the pun. and that's the memo. now for the top story tonight, an opposing point of view. with us one of the 8 a
a year. you have $1,000 less to spend in 2013. a household with two workers will average about $4,500 less in their paychecks. finally job growth sluggish, unemployment likely to remain around 8%. again, it's according to the associated press. president obama has spent approximately $5 trillion trying to stimulate the economy. that's taxpayer money. we will never see again. because of all the federal spending, president obama has added $5.8 trillion to the debt in just four years. so this is grim. america is in a bad place economically. but the folks don't seem to care. new "the washington post" poll says 60% of americans have a favorable opinion of president obama. that's a 3 year high. now, that approval may go down due to the sinking economy. there is no question americans like barack obama they are cutting him a tremendous amount of slack. could be style over substance because the president's achievements have been few. obama care is the law. we all know that. but corporations like boston scientific are laying off some workers. largely because of the cost they will incur for o
'm going to text it to him every time he says about the government spending under obama. >> you do have his personal cell, don't you? >> stephanie: i do. text him this graph because i think we played a clip yesterday where -- the president is spending -- the president is spending -- >> that's a lie. >> stephanie: that's the way it sounds in my head. does he say it differently? >> a little bit. with a long island accent. >> stephanie: anyway. as you can see under bush, it was very high. under p.o.t.u.s., at a low. we talked about this graph before. government at an all-time low. exhaustedly, we've said on the program. putting the two wars on the show. medicaid part b, it is now obama's spending -- all right. oh, look, it is future husband stack. [ ♪ "world news tonight" ♪ ] i need someone that cares about me. >> well apparently you have -- >> stephanie: i'm gesturing at jim. he doesn't know because he doesn't pay attention to me. >> because i'm trying to read e-mail. >> during the show? >> stephanie: i'm talking. reading while i'm talking. you're not paying attention are you? >> why do y
to the arguments from both sides. >> president obama reportedly said that america does not have a spending problem. well, of course we know that's not accurate. >> that is the senate's top republican referring to the president's assertion that the u.s. does not have a spending problem during a private discussion on the $16 trillion federal debt crisis as quoted by house speaker in a recent "wall street journal" op-ed. other democrats in including louisiana democratic senator mary landreau have eagerly embraced the presidential sentiment belling to oppose discretionary spending cuts arguing that the debt crisis hasn't been linked role had been over higher by pundits on fox news. >> and not going to keep cutting the discretionary budget which, by the way, is not out of control despite what you hear on fox news. >> senate majority leader mary reed telegraphed his party stalling push for more tax hikes on the wealthy and intensifying opposition to additional discretionary spending discipline. >> the american people still believe by an overwhelming margin that the rich should contribute to this. they b
night. ♪ lou: >> a very good evening. i'm lori rothman. the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal reserve today saying that growth has stalled, but telling the public temporary, pledging to continue with the easy money policy into the outlook for employment improved substantially, the news coming as somewhat of late surprised as economists predicted. the economy hit with super storm sandy in late october causing extensive damage along the east coast, seen as a major factor. economists see the same growth in excess of 3 percent will be needed to significantly lower unemployment and get at least some of the 23 million unemployed americans ba
jersey and connecticut. some arked it will add to the nation's growing debts unless spending cuts are made elsewhere. president obama has promised to sign the bill if it makes it to his desk. >>> the battle between lawmers over gun control. tonight vice president joe biden took his push for tougher gun control laws on the road as a prominent democratic senator vows to passault weapons ban. jennifer davis has that story. >> reporter: vice president joe biden continues the administration's push for tighter gun restrictions following the massacre in newtown. today it's a round table discussion in richmond, virginia with gun safety experts called in after the 2007 virginia tech shootings. thursday it was an online discussion. >> just like you don't have the right to go buy an m1 tank, just like you don't have the right to buy an automatic weapon. >> reporter: biden says the administration supports the second amendment but believes tighter gun laws are needed to protect americans. >> i'm much less concerned quite frankly about what you call an assault weapon than i am about magazines a
to increase automatically. president obama wants to spend more on education. that's tough. so these cuts go into effect, but they might find very quickly that it's very difficult to actually implement them. >> last thing here to you, chris, we're hearing about a couple of senators not going to be -- not going to seek re-election. talking about harkin, saxby chambliss. chambliss cited the gridlock in washington as part of the reason him wanting to step away. get your reaction to both of these men not seeking re-election. and also what are your thoughts on chambliss actually citing what's happening in washington as part of the reason for him wanting to get out of there? >> i think what we're seeing right now is a generational change in washington. chambliss and harkin and guys like that are part of that change. and it's interesting particularly in chambliss's case as you point out he does cite the partisan gridlock. but he's also part of that old republican guard. he's very close friends with house speaker john boehner for example. i think you're going to see as the republican party changes s
with the spending cuts. both sides say they're hoping for continued cooperation. they are expected to pass legislation to the house and president obama said he will sign it. they were encouraged -- investors were encouraged -- the dow closed at its highest level since october 2007, months before the start of the great recession. the nasdaq and the s&p 500 some modest gains. >> the security deal -- they are accused of using their detail for personal and political gain. mark walker testified that he was required to help with the county executive's reelection campaign. walker also claimed he kept watch as he engaged in sexual encounters with his mistress. he denies any wrongdoing -- testimony resumes tomorrow. >> jury selection took up again in the murder case. new questions about a person in that case -- the lead police detective. jim miller has the story. miller has the story. >> we took this video of a baltimore police detective at his home address. he is the subject of a lot of attention. he is believed to be involved in the murder case against michael johnson. he is accused of killing a
with the fiscal cliff deal. they're hoping to extract spending cuts from president obama. if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress. you're there. >> i
the particular lee plan, they don't have to raise taxes. the best part of the plan is limiting spending and taxes to 18% of gdp. that's the debate in america right now is are we going to go with barack obama plan of 25% or more of gdp consumed by government or go back to a reasonable, historical 18% that mr. lee proposed. melissa: dennis, what do you think of that? automatically limit spending to 18% of gdp, currently, 23%, a billion dollars to shave off. >> we don't need gimmicks. we need guts. we don't need politicians claiming things are meaningful when they are not. 18% of gdp, you cut over a trillion dollars a year from the budget for ten years. melissa: right. >> rather than filing a bill saying someone else should do this, put out a budget, if you're a senator, budget that cuts a trail dollars from this year's budget. cut it from defense, discretionary, medicare, social security, step up, lay out your actual cuts. the problem we have isn't that we don't have enough gimmicks like the budget amendment. we got plenty of gimmicks. we don't have guts. are you going to cut medicare by that amoun
obama is calling for. the red is where spending is going. spending is the problem, revenues are not the problem. if you keep chasing them they will hurt economic growth, shut down the economy and won't get the budget balanced. >> what i heard the president say was programs like social security and medicare and med aid critically important for our future and we need to have a bipartisan commitment to make them work. bob and i have been in a lot of meetings talking about deficit reduction. we need reform in the programs that mean they will live on to serve future generations. that's the message i took from the president. >> referring to bob corker to the left of the screen. the president has a full plate. not just the budget but the issue of guns, and this week he heads to las vegas for a speech about overhauling immigration. so the second term is already kicking off with plenty on his plate. >> all right. peter alexander, white house correspondent, thank you so much. >>> we want to turn now to our discussion this morning. bring in a reporter for "politico," anna -- and perry
goes up by a trillion a year. the white house says the republicans are to blame, spending cuts are to blame. super storm sandy is to blame. excuses. the numbers are what they are. the economy is sinking. president obama's policies seem to be failing. his approval rating is at a three year high. arnie and company about to begin. aving triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. stuart: illinois is going broke. good morning, "varney &
this spring between democrats and republicans on spending cuts. the house already passed that bill, and president obama has said he will sign it. the treasury warns the government could default on some of its loans as early as next month if this legislation does not pass. >>> also today, chuck hagel will tell a senate committee why he should be the next defense secretary. the senate armed services committee will hold hagel's confirmation hearing. the former republican senator and vietnam war veteran will likely face tough questions, especially about his stands on israel and iran. he prepared by meeting fraprivay with public interest groups. >>> president obama hopes for some form of immigration reform within six months. in an interviewer with telemundo, he says the plan has to include a path to citizenship for 11 million illegal immigrants already in the country, and it's time for congress to act. >> we've been working on this for a long time. we know what the issues are. i've got a bill drafted. we've got language. we know what's needed when it comes to border securitiment we know
: president obama does acknowledge medicare problems, even though we don't have a spending problem. this goes beyond a fiscal thing. i mean, this is real -- liz: that's right charles. the doctors are telling me it is totally opposite of what the president said he wanted, more care under health reform. this is actually rewarding for less care. stuart: this new just in on the rimm meeting. they are going to change their corporate name to blackberry. we all know they put out the blackberry and that's the name of the company, none of this research in motion stuff. okay? the stock though they are listening to very carefully with what's going on with the new blackberry 10. seems so far they like what they are hearing. look at the big board, down 24 points for the dow. that's not a very big reaction to the news this morning that our economy is contracting, at least it did at the very end of last year. maybe everybody's waiting for the 2:15 announcement of what bernanke is going to do with all that money printing in the future. maybe that's why the market -- i think you will agree with this -- that's
the nomination, but to get elected. those six years that you spend running and then governing, it takes a lot out of even somebody as young as president obama. >> and if you need any reminding of how tough the job is, look no further than barack obama, all the times you have interviewed him from start to finish, his hair has turned white. people are blaming you. >> i don't think that's the case, piers. >> steve, it's been a pleasure talking to you. it was fantastic television just to see those two sitting there, taking questions, and i salute you. well done. >> thank you, piers. >> guns are squarely at the top of president obama's agenda tonight. 38 days after the tragedy at newtown, he and vice president joe biden met with police chiefs and sheriffs in cities across the country including utah, aurora, colorado, and oak creek, wisconsin. joining me three men who were at that meeting. charles ramsey, john edwards, and sheriff fitzgerald. welcome to you all. let me start with you, if i may, please, commissioner ramsey. what was your overview of how the meeting went? i suppose the key question is wh
. madam president, the american people are asking when are we going to turn to the spending side of the equation. president obama talked all through the campaign of balance. well, we've had the tax increases. now we're having the debt increases. when are we going to have any new spending cuts? this would at least start in a modest way reasonable spending cuts. thank you, madam president. the presiding officer: would the senator call up his motion. mr. vitter: yes, madam president. i call up the motion to commit. the presiding officer: the clerk will report. the clerk: the senator from louisiana, mr. vitter, moves to commit the bill, h.r. 325, to the -- mr. vitter: madam president, i ask to waive reading of the whole. the presiding officer: without objection. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, we've -- we've essentially already voted on this. this is very similar to the portman amendment which lost by a vote of 54-44. this approach was rejected by the house of representatives when the speaker sent over his deb
to president obama to sign into law. the senate also defeated a republican amendment that sought to offset the sandy aid with spending cuts. without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ behind the silver of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. because we believe in fresh taste. that's the way we set the standard for intensely rich, luscious flavor. so our story of fresh taste always ends... deliciously. when it comes to taste, philadelphia sets the standard. >>> president obama is going right after the right wing media. in a new interview, he talks about what stands in the way of getting things done in congress. "one of the biggest factors is going to be how the media shapes debates. if a republican member of congre
, it really doesn't have any connection in terms of creating jobs in the short term. obama has made it clear he would like to do more stimulus spending. repu republicans aren't open to that. they control half of -- control the house and democrats control the senate. it remains to be seen what will happen. the deficit is a problem and needs to be dealt with. it is not going to progress the way it is raised. >> for the fourth quarter he slufrpgs in terms of growth. now is the worst possible time to cut spending even further. the economists look at this slijage and say it was due in large parts of federal spending being cut. what is the con sefb tive answer -- conservative answer to that? >> we spent nearly a trillion dollars in the initial stimulus bill in january or february 2009. we have spent hundreds of billions more over the next 3 and a half years to try to stimulate the economy. we have gotten sadly used to this new normal between the gdp of 1 and say 2 percent. that is the status in the united states of america. we have the worst u.s. recovery ever on record in this president. economic
income, and spending is obvious because a surreal driver of our deficits and our debt. spending is the reason that we're up against the $16.2 trillion debt limit. spending was the reason that congress and president obama raised the debt ceiling by $2.1 trillion just a year and a half ago. now, in 2006, the junior senator from illinois, senator obama, came to the floor, made a very passionate and thoughtful statement here on the senate floor in opposition to raising the debt limit. many of the reasons that he gave then are relevant today. in fact, they are even more appropriate because the national debt is much, much higher. and we have a fiscal mess. it's instructive for my colleagues to hear the words straight from then-senator obama. he delivered these remarks on march 16, 2006. at that time the senate was debating raising the debt limit by $781 billion to a new limit then that seems very small today, about half what it is today, raising the limit of 2006 to $8.9 trillion. so i thought it would be worth for the president's benefit as well as our benefit to go over what then-se
there. and the story is basically this, folks. it's in the journal, which is that part of obama care allows caps on precipitation drug spending, and some unions, apparently, are just realizing this. and they're pushing back on the administration to make sure they don't have these caps, because they're saying, that's going to drive up our medical costs, our health care costs, more than we thought, which means, we're going to be less competitive in the marketplace. so according to the journal, the unions are pushing back on the obama administration about this cap. and they're asking for federal subsidies on top of their work insurance. >> all right. and let's talk about facebook now. they've just had a brutal year. but some pretty good news in the fourth quarter. >> hey, the stock is up 70%, 7-0, since september, joe. mobile ad revenue is up. that's what everyone wants to see. 70% the stock is up since september. mobile ad revenue up 23%, which is accelerating. look around the table, okay. mika with her iphone, iphone -- >> soon to be samsung. >> barnicle, you've got an abacus, i've go
a spending and budget deal we'll have another government shutdown then. president obama is allowing his jobs council to expire. the 2-year-old council including business and labor leaders. ge's jeff immelt chaired it and met with the president four times. the last time more than a year ago. the white house cites visa processing retrofitting government buildings with energy efficient technology and fast track review for infrastructure. the republicans claim the president ignored the group's recommendation, treating it as a nuisance than a vehicle that spurred job creation. back to you. ashley: now it no longer exists. rich edson, thank you so much. appreciate it. tracy: they will need a job. coming up one beer combination leaving regulators with a skunky aftertaste. ashley: yuk. plus is the eurozone destinned to self-destruction? heritage foundation's nile gardiner weighs in ahead. why he says america needs to pay very close tanks. first as we do now every day let's take a look how oil is trading. it was, seemed like it was going to hit the 100 dollar level. down half a percent on the day at
house says president obama will not veto it. the debt ceiling is the limit on how much the feds can borrow. republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10 years. should either chamber fail then its members paychecks can't be delayed. they can't stop it constitutionally they have to get paid. the other part suspends enforcement of the federal debt limit until may 19th, at which point it will increase retroactively without any offset in spending cuts. here is how speaker john boehner summed it up today. >> you know, the premise here is pretty simple. it says that there should be no long-term increase in the debt limit until there is a long-term plan to deal with the fiscal crisis that faces our country. >> and no
of it is spending on those of the highest levels spend a smaller percentage of their income to live and have the advantage of a tax system created for this advantage. during the debates with romney and obama, he mentioned that they were going to be just fine because obama was the champion of the koran the middle class and romney is the champion of the upper class. those investors are going to save the country. the point made by obama is that they were going to be just fine. i guess, where the way the tax structure have set up, they can get down to 10% because they can get tax is done because of corporations and the whole ball of wax. the other taxes considered by patrick included a gas tax and a toll increase on the pike. insurance pay the tolls and pay the gap. the rich people and the higher- income people will not be paying this tax at the same percentage. host: let's take a look at some of the details you hinted that. the associated press says he wants to hide to the income-tax from 5.25% up to 6.25% while eliminating itemize deductions. he is calling for reducing the sales tax from 6.25%
battles between president obama and republicans are mostly budget focused. on march 1 one month from this friday sequester cuts kick in. it is $1.2 trillion. those are cuts to military and discretionary spending. paul ryan says don't expect a last minute deal or any deal at all. >> i think the sequester is going to happen because that $1.2 trillion in spending cuts we can't lose those. >> joining me now lynn sweet and david who covers the white house for the washington post. good sunday to both of you. let's start with the claim from paul ryan. $1.2 trillion in cuts said to take effect march 1. paul ryan indicating this time there will be no 11th hour deal. >> it is just a bargain position and it is not going to necessarily unfold that way. there are no absolute right now. it is early in yet another chapter of the on going rangles we have been having. so i would put no more into it. it is a prediction and i don't think either side has anything to gain. remember the virginia economy, a lot of places very dependent on defense and other industries, neither side will look good if they ca
a look at the drag from the sequestration, you know, the cut in that spending, in addition to the tax increases that are comes into play, the obama care tax increase and increase on incomes higher than $400,000 a year in earnings, you know, that's going to create some drag. but, you know, i get a sense, kelly, when we do our own analysis at hamilton play strategies, we think that the u.s. economy will be able to power through that this year, even with the -- even with the drag. so, you know, solid growth, but certainly not matching some of the euphoria that we've seen in the last couple of months. >> it's extraordinary because if you say this is a 1.5% drag which is roughly some of the estimates i've seen lately on this and where gdp is almost in the 2.5% range that would suggest we're somewhere in the growth of 1.4%. you could understand why markets are doing better. but unfortunately the what could have or should have doesn't matter too much. if it's the opposite, it will be are reminder of how growth was in the fourth quarter. >> i think the ee zester and the tax increases will tak
two years should be to deny president obama a second term. but the fact is, if our primary legislative goals are to repeal and replace the health spending bill, to end the bailouts, cut spending and shrink the size and scope of government, the only way to do all of those things is to put someone in the white house who won't veto any of these things. >> after that, democrats worried republicans were trying to annihilate the democratic party, in part by trying to destroy unions, the most vivid example of that, wisconsin. the republican governor successfully pushed a bill that stripped collective bargaining rights for most public unions. ohio and michigan followed scott walker's lead with mixed success. and now it seems the tables have turned. now if you believe boehner, the democrats want to annihilate the gop. so the talkback question for you, do you agree with boehner? will obama try to annihilate the republican party? facebook.com/carolcnn, or tweet me @carolcnn. i'll be right back. neutrogena® rapid wrinkle repair has the fastest retinol formula. to visibly reduce fine lines and wri
covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >> the obama administration likes to say they're doing everything they can to keep spending down. right? >> we're consolidating programs that are duplicative. how can we eliminate additional waste? >> we also wanted to protect against any and all cases of waste, fraud and abuse. >>brian: a new study indicates that despite their intentions, big government is still wasting millions and possibly billions of dollars in duplicate funding for research. stuart varney is here. the economy is not growing. we expected something different because the jobs numbers look pretty good. >>steve: our economy at the moment is contracting, and that's -- look, a whole bunch of excuses as to why this is happening. years ago it was the tsunami. that's what's hurting. then it was the wicked europeans. then it was those wicked republicans. now of course it's president bush all over again. or sanding or lower defense spending. there's always an excuse. the fact is we've spent an enormous amount of money -- trillions of dollars -- building up o
obama administrationmented to fore stall that. they have to take place march 1st. that's the agreement made. we spend too much money. we do not have a revenue problem. stuart: $100 billion cut, march first, military and health spending, cut it, and you say do it. all right. congressman, republican, tennessee, thank you very much for joining us. >> thank you. stuart: buy season tickets to the favorite team, and if the team sinks or stinking, you get some of your money back. maybe the new york gelts should take note. the owner of the team offering that discount. there is a team owner who is offering discount to season ticket holders, and he's next. ]s joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's ju
-building here at home, something that not just candidate obama, but also candidate romney, agreed about. we are looking at unprecedented cuts in spending on national security. we are looking at the prospect of drawing down from afghanistan. we are looking at a lot of changes. not just here in the united states, but in the world. one of the questions i know that we have is whether we are ready for the exchanges. i suspect that most of us believe we are not. tom, make -- maybe you could start as out and talk about the sequestration that paul ryan told us this weekend is going to happen. >> it is a prediction that at this point seems like a certainty, but i would argue it has been a near certainty once beat sequestration provision was written into the budget control act. i will talk a bit about sequestration per se, but i would regard it as a symptom and not the disease itself. the disease itself is erosion to the point of vanishing, almost, of the bipartisan political consensus for military string, for peace through strength, as people used to say. that is really something that over the cours
elections, sometimes you lose elections. and i worked very hard, but i lost. and then president obama asked me to be secretary of state. and i said yes. why did he ask me? and why did i say yes? because we both love our country. >> clinton is expected to spend this last week in washington. no more trips, but i mean, come on, she already set the record for most countries visited by a secretary of state. she topped the 100 mark last july. >>> all right. you have to admit, it seemed like an odd pairing at the beginning, obama and clinton. many wondered whether their partnership would implode in a public way. but they, instead, became trusted friends. >> reporter: barack obama and hillary clinton have faced questions together before. here in a 2008 presidential debate with cnn's wolf blitzer. >> i don't want to end the war, i want to end the mind set that got us into war in the first place. that's the kind of leadership i intend to provide as president of the united states. >> and, of course -- >> senator clinton, that's a clear swipe at you. >> really? >> back then, it was a very different rel
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